Directors’ Trades: Maggie Beer buys $590,529 of the ASX company bearing her name
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The most recognisable director who made a $100k trade in the last fortnight was Maggie Beer who bought into her company’s rights issue.
She has remained on the board of the company and bought just over $590,000 in shares as part of the rights issue. Also buying shares was Hugh Robertson, who chipped in $269,367.
Copper explorer Cyprium Metals (ASX:CYM) provided the next biggest trader with Gary Comb buying $295,000 on market.
Cyprium recently bought Metals X’s (ASX:MLX) copper assets for $24 million cash including the Nifty, Marochydore and Paterson projects.
Loosemore’s purchase was part of a substantial capital raising of $60 million in equity and $175 million in debt finance which the company hopes to use to develop its King of the Hills gold project.
Matthew Latimore from Bowen Coking Coal (ASX:BCB) bought $211,860 of his company which has coking coal projects in the Bowen Basin.
Its most notable program currently is a Phase 2a program at its Hillalong project.
The Phase 1 program at Hillalong led to the company holding a total maiden resource of 43Mt of which 19.5Mt was shallower than 150m.
The biggest seller was Lindsay Barber from Johns Lyng Group (ASX:JLG) who parted with $9.375 million in shares.
Next was Hugh McLernon from litigation funder Omni Bridgeway (ASX:OBL) who sold $3.63 million on market.
Rounding out the list were Chris Cuffe and David Wright from Hearts & Minds Investment (ASX:HM1). They sold $230,000 each in the ASX Listed Investment Company.